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Enterprise Software Firms Tumble After Informatica Warns
Posted on July 06, 2012 at 17:37 PM EDT
Informatica Corp.'s (Nasdaq: INFA) earnings warning weighed down shares of fellow enterprise software firms Teradata Corp. (NYSE: TDC) and Qlik Technologies Inc. (Nasdaq: QLIK). Shares of Informatica collapsed $11.98 to close at $31.39 while Teradata stock plummeted $7.61 to close at $65.01. The stock price of Qlik plunged $2.36 to close at $17.97.
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